It was just a bit of a fake out yesterday. If you change to a 5 minute chart, there was ~4mil units traded down to 2.9c. Looked like a seller just wanted out based on the higher risk in the markets currently.
Don't get me wrong, it looks like it is going to get rough, buyers have all but disappeared in the order book, question is, will the accumulators with a longer time frame, out to say 2025, keep buying at these levels before the MRE comes out, or will they let it ride to pick some up lower? This is going to come down to off screen support IMO.
I didn't expect the lower channel trend line to get tested so soon!
It was just a bit of a fake out yesterday. If you change to a 5...
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